question What is the significance of ethics in commerce

What is the primary objective of corporate social responsibility (CSR) in commerce?

A. Profit maximization
B. Enhancing brand image and contributing to societal well-being
C. Cost reduction
D. Market expansion

What is the primary purpose of the Federal Reserve System (the Fed) in the United States?

A. Regulating international trade
B. Managing fiscal policy
C. Controlling inflation
D. Conducting monetary policy and ensuring financial stability

What is the primary function of human resource management in commerce?

A. Product development
B. Employee recruitment, training, and development
C. Financial reporting
D. Market analysis

In commerce, what does the term "capital budgeting" refer to?

A. Managing government expenditure
B. Evaluating and selecting long-term investment projects
C. Market analysis
D. Consumer behavior

What does the term "e-commerce" refer to?

A. Traditional business practices
B. Electronic buying and selling of goods and services
C. Physical retail stores
D. Human resource management

Which branch of commerce involves the study of consumer behavior and market trends?

A. Marketing
B. Finance
C. Accounting
D. Management

What is the primary goal of the Central Economic Planning Authority in a command economy?

A. Encouraging competition
B. Maximizing profits for businesses
C. Planning and controlling economic activities
D. Promoting consumer rights

Which economic concept refers to the total value of goods and services produced by a country in a specific period?

A. Gross Domestic Product (GDP)
B. Consumer Price Index (CPI)
C. Inflation rate
D. Unemployment rate

What is the purpose of the Better Business Bureau (BBB) in commerce?

A. Regulating international trade
B. Promoting ethical business practices and consumer trust
C. Managing fiscal policy
D. Controlling inflation

What is the primary focus of microeconomics in commerce?

A. Aggregate economic indicators
B. Individual economic entities and their decision-making
C. International trade
D. Government fiscal policy